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Suppose there is a simple hypothetical economy in which the only industry is cloud computing. In the cloud computing field, productivity-the amour of goods and services a worker can produce per hour-is measured by the number of lines of code one programmer authors per hour.

Suppose there is a simple hypothetical economy in which the only industry is cloud computing. In the cloud computing field, productivity-the amour of goods and services a worker can produce per hour-is measured by the number of lines of code one programmer authors per hour.

Exploring Economics
Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter3: Scarcity, Trade-offs, And Production Possibilities
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2. The determinants of productivity Suppose there is a simple hypothetical economy in which the only industry is cloud computing. In the cloud computing field, productivity-the amount of goods and services a worker can produce per hour-is measured by the number of lines of code one programmer authors per hour. Natural Resources per Worker Physical Capital Technological per Worker Knowledge In the following table, select the appropriate productivity determinant that represents each example. Examples The additional education workers receive from new computer science course offerings A new data security process that makes the industry's network more secure The rare earth metals that serve as inputs to production of computers The server hardware on which data is stored Human Capital per Worker ° о о
Transcribed Image Text:2. The determinants of productivity Suppose there is a simple hypothetical economy in which the only industry is cloud computing. In the cloud computing field, productivity-the amount of goods and services a worker can produce per hour-is measured by the number of lines of code one programmer authors per hour. Natural Resources per Worker Physical Capital Technological per Worker Knowledge In the following table, select the appropriate productivity determinant that represents each example. Examples The additional education workers receive from new computer science course offerings A new data security process that makes the industry's network more secure The rare earth metals that serve as inputs to production of computers The server hardware on which data is stored Human Capital per Worker ° о о
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